Swiss Water Decaffeinated Coffee Inc.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Total Revenue | 173.1M | 166.3M | 176.9M | 125.1M |
| Operating Revenue | 173.1M | 166.3M | 176.9M | 125.1M |
| Cost Of Revenue | 146.9M | 147.5M | 150.8M | 107.5M |
| Gross Profit | 26.2M | 18.8M | 26.1M | 17.6M |
| Selling General And Administration | 15.1M | 13.2M | 12.7M | 10.9M |
| General And Administrative Expense | 11.3M | 9.1M | 8.9M | 7.5M |
| Operating Expense | 15.1M | 13.2M | 12.7M | 10.9M |
| Operating Income | 11.1M | 5.6M | 13.4M | 6.7M |
| EBIT | 11.1M | 7.7M | 8.8M | 5.4M |
| Interest Expense | 8.7M | 8.3M | 5.6M | 4.4M |
| Interest Expense Non Operating | 8.7M | 8.3M | 5.6M | 4.4M |
| Interest Income | 1.7M | 1.6M | 509,000 | 442,000 |
| Interest Income Non Operating | 1.7M | 1.6M | 509,000 | 442,000 |
| Net Interest Income | -7.0M | -6.6M | -5.1M | -3.9M |
| Other Income Expense | -1.8M | 474,000 | -5.1M | -1.8M |
| Other Non Operating Income Expenses | -2.2M | 632,000 | -1.6M | -323,000 |
| Special Income Charges | -- | 0.00 | -1.9M | -1.4M |
| Gain On Sale Of Security | 408,000 | -158,000 | -1.7M | -55,000 |
| Pretax Income | 2.3M | -532,000 | 3.2M | 1.0M |
| Tax Provision | 1.0M | -4,000 | 819,000 | 509,000 |
| Tax Effect Of Unusual Items | 61,200 | -1,188 | -908,666 | -380,540 |
| Net Income From Continuing And Discontinued Operation | 1.3M | -528,000 | 2.4M | 496,000 |
| Net Income From Continuing Operation Net Minority Interest | 1.3M | -528,000 | 2.4M | 496,000 |
| Net Income Including Noncontrolling Interests | 1.3M | -528,000 | 2.4M | 496,000 |
| Net Income Common Stockholders | 1.3M | -528,000 | 2.4M | 496,000 |
| Net Income | 1.3M | -528,000 | 2.4M | 496,000 |
| EBITDA | 17.8M | 16.9M | 15.8M | 11.6M |
| Normalized EBITDA | 17.4M | 17.1M | 19.3M | 13.0M |
| Reconciled Depreciation | 6.8M | 9.2M | 7.0M | 6.2M |
| Basic EPS | 0.13 | -0.06 | 0.26 | 0.05 |
| Diluted EPS | 0.13 | -0.06 | 0.26 | 0.05 |
| Basic Average Shares | 9.8M | 9.2M | 9.2M | 9.1M |
| Diluted Average Shares | 9.8M | 9.2M | 9.2M | 9.1M |
| Total Unusual Items | 408,000 | -158,000 | -3.6M | -1.4M |
| Total Unusual Items Excluding Goodwill | 408,000 | -158,000 | -3.6M | -1.4M |
| Tax Rate For Calcs | 0.15 | 0.01 | 0.26 | 0.27 |
| Normalized Income | 922,200 | -371,188 | 5.0M | 1.6M |
| Diluted NI Availto Com Stockholders | 1.3M | -528,000 | 2.4M | 496,000 |
| Impairment Of Capital Assets | -- | 0.00 | 2.5M | 0.00 |
| Net Income Continuous Operations | 1.3M | -528,000 | 2.4M | 496,000 |
| Net Non Operating Interest Income Expense | -7.0M | -6.6M | -5.1M | -3.9M |
| Other Gand A | 11.3M | 9.1M | 8.9M | 7.5M |
| Other Special Charges | -- | -- | -583,000 | 1.4M |
| Reconciled Cost Of Revenue | 146.9M | 147.5M | 150.8M | 107.5M |
| Selling And Marketing Expense | 3.8M | 4.1M | 3.8M | 3.5M |
| Total Expenses | 162.1M | 160.6M | 163.6M | 118.4M |
| Total Operating Income As Reported | 11.1M | 5.6M | 13.4M | 6.7M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 8.5M | 11.1M | 3.8M | 4.2M |
| Cash Cash Equivalents And Short Term Investments | 8.5M | 11.1M | 3.8M | 4.2M |
| Cash Financial | -- | 11.1M | 3.8M | 4.2M |
| Accounts Receivable | 23.3M | 19.1M | 20.7M | 14.1M |
| Receivables | 24.1M | 20.2M | 21.8M | 15.0M |
| Inventory | 36.6M | 29.6M | 67.7M | 31.5M |
| Prepaid Assets | -- | -- | 1.1M | 917,000 |
| Current Assets | 87.3M | 63.7M | 90.4M | 60.2M |
| Gross PPE | 159.7M | 159.0M | 177.9M | 149.9M |
| Accumulated Depreciation | -30.3M | -23.3M | -49.8M | -43.2M |
| Net PPE | 129.3M | 135.7M | 128.1M | 106.7M |
| Goodwill And Other Intangible Assets | -- | 0.00 | 110,000 | 375,000 |
| Other Intangible Assets | -- | -- | 110,000 | 375,000 |
| Total Non Current Assets | 129.6M | 136.7M | 128.6M | 108.1M |
| Total Assets | 216.9M | 200.3M | 219.0M | 168.2M |
| Current Debt | 47.3M | 17.4M | 191,000 | 23.4M |
| Current Debt And Capital Lease Obligation | 49.1M | 19.1M | 1.9M | 25.2M |
| Accounts Payable | 24.8M | 11.5M | 27.0M | 8.6M |
| Payables | 24.9M | 11.5M | 27.2M | 8.8M |
| Payables And Accrued Expenses | 29.0M | 15.2M | 35.4M | 15.4M |
| Current Accrued Expenses | 4.2M | 3.7M | 8.2M | 6.7M |
| Other Current Liabilities | 5.2M | 2.1M | 2.2M | 1.2M |
| Current Liabilities | 83.4M | 36.4M | 40.7M | 41.9M |
| Long Term Debt | 53.6M | 82.2M | 97.0M | 43.4M |
| Long Term Debt And Capital Lease Obligation | 68.5M | 98.9M | 115.2M | 63.4M |
| Long Term Capital Lease Obligation | 14.9M | 16.7M | 18.3M | 19.9M |
| Other Non Current Liabilities | 186,000 | 64,000 | 208,000 | 146,000 |
| Total Non Current Liabilities Net Minority Interest | 78.7M | 108.1M | 123.4M | 70.8M |
| Total Liabilities Net Minority Interest | 162.1M | 144.5M | 164.1M | 112.7M |
| Common Stock | 45.2M | 44.3M | 44.2M | 44.0M |
| Capital Stock | 45.2M | 44.3M | 44.2M | 44.0M |
| Retained Earnings | 11.8M | 10.5M | 11.0M | 8.6M |
| Gains Losses Not Affecting Retained Earnings | -2.3M | 449,000 | -697,000 | 832,000 |
| Other Equity Adjustments | -2.3M | 449,000 | -697,000 | 832,000 |
| Common Stock Equity | 54.9M | 55.9M | 54.9M | 55.6M |
| Stockholders Equity | 54.9M | 55.9M | 54.9M | 55.6M |
| Total Equity Gross Minority Interest | 54.9M | 55.9M | 54.9M | 55.6M |
| Total Capitalization | 108.4M | 138.0M | 151.9M | 99.0M |
| Net Tangible Assets | 54.9M | 55.9M | 54.8M | 55.2M |
| Tangible Book Value | 54.9M | 55.9M | 54.8M | 55.2M |
| Working Capital | 4.0M | 27.3M | 49.7M | 18.3M |
| Invested Capital | 155.7M | 155.4M | 152.1M | 122.4M |
| Total Debt | 117.6M | 117.9M | 117.1M | 88.6M |
| Net Debt | 92.4M | 88.4M | 93.4M | 62.6M |
| Share Issued | 9.5M | 9.2M | 9.2M | 9.1M |
| Ordinary Shares Number | 9.5M | 9.2M | 9.2M | 9.1M |
| Allowance For Doubtful Accounts Receivable | -200,000 | -100,000 | -- | -- |
| Buildings And Improvements | 18.2M | 18.2M | 13.9M | 13.9M |
| Capital Lease Obligations | 16.7M | 18.4M | 19.9M | 21.7M |
| Construction In Progress | 193,000 | 80,000 | 41.8M | 15.3M |
| Current Capital Lease Obligation | 1.8M | 1.7M | 1.7M | 1.8M |
| Current Provisions | -- | -- | 1.3M | -- |
| Derivative Product Liabilities | 1.2M | 51,000 | 345,000 | 18,000 |
| Financial Assets | 0.00 | 642,000 | 46,000 | 642,000 |
| Finished Goods | 21.4M | 10.3M | 28.5M | 17.2M |
| Gross Accounts Receivable | 23.5M | 19.2M | -- | -- |
| Hedging Assets Current | 18.1M | 2.9M | -2.8M | 9.4M |
| Income Tax Payable | 54,000 | 0.00 | 142,000 | 149,000 |
| Leases | 31.0M | 31.4M | 37.5M | 35.5M |
| Long Term Provisions | 3.6M | 3.8M | 2.8M | 1.9M |
| Machinery Furniture Equipment | 110.0M | 109.2M | 84.6M | 85.0M |
| Non Current Accounts Receivable | -- | -- | 209,000 | 255,000 |
| Non Current Deferred Assets | 109,000 | 135,000 | 139,000 | 151,000 |
| Non Current Deferred Liabilities | 5.2M | 5.3M | 4.8M | 5.3M |
| Non Current Deferred Taxes Assets | 109,000 | 135,000 | 139,000 | 151,000 |
| Non Current Deferred Taxes Liabilities | 5.2M | 5.3M | 4.8M | 5.3M |
| Non Current Prepaid Assets | 157,000 | 157,000 | 209,000 | 255,000 |
| Other Current Borrowings | 47.3M | 17.4M | 191,000 | 23.4M |
| Other Equity Interest | 190,000 | 586,000 | 375,000 | 2.1M |
| Other Inventories | -- | -- | -7.4M | 3.8M |
| Other Properties | 244,000 | 243,000 | 207,000 | 207,000 |
| Other Receivables | 753,000 | 884,000 | 1.1M | 917,000 |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| Raw Materials | 15.2M | 19.2M | 39.2M | 14.3M |
| Taxes Receivable | 0.00 | 167,000 | 0.00 | -- |
| Total Tax Payable | 54,000 | 0.00 | 142,000 | 149,000 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | 2.1M | 30.5M | -1.0M | -6.4M |
| Cash Flow From Continuing Operating Activities | 2.1M | 30.5M | -1.0M | -6.4M |
| Depreciation And Amortization | 6.8M | 9.2M | 7.0M | 6.2M |
| Depreciation Amortization Depletion | 6.8M | 9.2M | 7.0M | 6.2M |
| Stock Based Compensation | 1.3M | 597,000 | 415,000 | 690,000 |
| Deferred Tax | 1.0M | -4,000 | 819,000 | 509,000 |
| Deferred Income Tax | 1.0M | -4,000 | 819,000 | 509,000 |
| Change In Working Capital | -11.3M | 19.6M | -14.4M | -16.8M |
| Changes In Account Receivables | -4.3M | 1.8M | -6.7M | 1.2M |
| Change In Receivables | -4.3M | 1.8M | -6.7M | 1.2M |
| Change In Inventory | -6.1M | 37.2M | -36.1M | -13.4M |
| Change In Payables And Accrued Expense | 13.8M | -13.6M | 16.7M | 2.4M |
| Change In Other Working Capital | -14.9M | -5.9M | 11.9M | -7.0M |
| Other Non Cash Items | 6.4M | 5.8M | 4.7M | 3.8M |
| Capital Expenditure | -963,000 | -19.9M | -26.0M | -13.7M |
| Purchase Of PPE | -963,000 | -19.9M | -26.0M | -13.7M |
| Net PPE Purchase And Sale | -963,000 | -19.6M | -24.6M | -13.7M |
| Investing Cash Flow | -963,000 | -19.6M | -24.6M | -13.7M |
| Cash Flow From Continuing Investing Activities | -963,000 | -19.6M | -24.6M | -13.7M |
| Issuance Of Debt | 16.7M | 15.9M | 28.8M | 27.1M |
| Repayment Of Debt | -20.4M | -19.2M | -3.2M | -5.2M |
| Net Issuance Payments Of Debt | -3.8M | -3.2M | 25.5M | 21.9M |
| Common Stock Dividend Paid | -- | -- | -- | 0.00 |
| Financing Cash Flow | -3.8M | -3.7M | 25.2M | 21.6M |
| Cash Flow From Continuing Financing Activities | -3.8M | -3.7M | 25.2M | 21.6M |
| Changes In Cash | -2.6M | 7.3M | -489,000 | 1.5M |
| Beginning Cash Position | 11.1M | 3.8M | 4.2M | 2.7M |
| End Cash Position | 8.5M | 11.1M | 3.8M | 4.2M |
| Free Cash Flow | 1.2M | 10.6M | -27.0M | -20.1M |
| Asset Impairment Charge | -- | 0.00 | 2.5M | 0.00 |
| Cash Dividends Paid | -- | -- | -- | 0.00 |
| Change In Prepaid Assets | 131,000 | 196,000 | -163,000 | -87,000 |
| Gain Loss On Investment Securities | 908,000 | 51,000 | -469,000 | 128,000 |
| Interest Paid Cfo | -6.2M | -5.5M | -3.8M | -3.3M |
| Interest Received Cfo | 1.7M | 1.5M | 449,000 | 551,000 |
| Long Term Debt Issuance | 0.00 | 12.5M | 13.7M | 10.6M |
| Long Term Debt Payments | -1.7M | -1.7M | -1.7M | -1.7M |
| Net Income From Continuing Operations | 1.3M | -528,000 | 2.4M | 496,000 |
| Net Long Term Debt Issuance | -1.7M | 10.9M | 11.9M | 8.9M |
| Net Other Financing Charges | -- | -419,000 | -390,000 | -356,000 |
| Net Short Term Debt Issuance | -2.1M | -14.1M | 13.6M | 13.0M |
| Operating Gains Losses | 908,000 | 51,000 | -1.1M | 1.5M |
| Proceeds From Stock Option Exercised | -- | -- | -- | -29,000 |
| Sale Of PPE | 0.00 | 370,000 | 1.4M | 0.00 |
| Short Term Debt Issuance | 16.7M | 3.4M | 15.1M | 16.5M |
| Short Term Debt Payments | -18.8M | -17.5M | -1.5M | -3.5M |
| Taxes Refund Paid | 160,000 | -218,000 | -51,000 | -26,000 |